Philippines - Glass Fibres And Glass Wool - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Glass Fibres and Wool in the Philippines - 2023
Contents:
- Price for Glass Fibres and Wool in the Philippines (CIF) - 2022
- Price for Glass Fibres and Wool in the Philippines (FOB) - 2022
- Imports of Glass Fibres and Wool in the Philippines
- Exports of Glass Fibres and Wool in the Philippines
Price for Glass Fibres and Wool in the Philippines (CIF) - 2022
The average glass fibres and wool import price stood at $4,187 per ton in 2022, jumping by 18% against the previous year. In general, the import price posted a slight expansion. The pace of growth was the most pronounced in 2018 an increase of 154%. As a result, import price attained the peak level of $7,321 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($35,182 per ton), while the price for Taiwan (Chinese) ($2,633 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Fibres and Wool in the Philippines (FOB) - 2022
The average glass fibres and wool export price stood at $11,405 per ton in 2022, with an increase of 28% against the previous year. Overall, the export price posted a remarkable increase. The growth pace was the most rapid in 2016 when the average export price increased by 114% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($16,438 per ton), while the average price for exports to the United States ($4,019 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glass Fibres and Wool in the Philippines
In 2022, approx. 2.4K tons of glass fibres and glass wool were imported into the Philippines; with an increase of 8.6% against the previous year's figure. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, glass fibres and wool imports skyrocketed to $10M in 2022. In general, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year.
| Import of Glass Fibres and Wool in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.7 | 1.5 | 3.9 | 5.1 | 23.6% |
| United States | 3.7 | 0.2 | 1.4 | 2.4 | -13.4% |
| Japan | 1.1 | 1.4 | 1.0 | 1.1 | 0.0% |
| Malaysia | 0.2 | 0.1 | N/A | 0.3 | 14.5% |
| South Korea | 0.2 | 0.4 | 0.7 | 0.3 | 14.5% |
| Taiwan (Chinese) | N/A | N/A | 0.1 | 0.1 | 0.0% |
| United Kingdom | 3.0 | 0.9 | 0.2 | 0.1 | -67.8% |
| Thailand | N/A | N/A | N/A | 0.1 | 0% |
| Others | 1.2 | 0.8 | 0.7 | 0.7 | -16.4% |
| Total | 12.1 | 5.4 | 8.0 | 10.2 | -5.5% |
Top Suppliers of Glass Fibres and Wool to the Philippines in 2022:
- China (1873.0 tons)
- Japan (250.2 tons)
- United States (66.9 tons)
- South Korea (48.5 tons)
- Taiwan (Chinese) (40.9 tons)
- Thailand (36.7 tons)
- Malaysia (33.5 tons)
- United Kingdom (7.4 tons)
Exports of Glass Fibres and Wool in the Philippines
For the third year in a row, the Philippines recorded decline in shipments abroad of glass fibres and glass wool, which decreased by -78.4% to 141 tons in 2022. Over the period under review, exports continue to indicate a sharp decline. The smallest decline of -25.7% was in 2021.
In value terms, glass fibres and wool exports fell significantly to $1.6M in 2022. In general, exports recorded a sharp downturn. The pace of growth was the most pronounced in 2021 when exports increased by 9.5%.
| Export of Glass Fibres and Wool in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,845 | 1,613 | 3,736 | 721 | -26.9% |
| Canada | 184 | 43.9 | 228 | 534 | 42.6% |
| Australia | 382 | 201 | 235 | 126 | -30.9% |
| China | 4,423 | 1,611 | 72.1 | 76.2 | -74.2% |
| Hong Kong SAR | 200 | 273 | 151 | 40.6 | -41.2% |
| Vietnam | 24.8 | N/A | N/A | 30.5 | 7.1% |
| United States | 686 | 356 | 51.8 | 16.9 | -70.9% |
| South Korea | 388 | 0.5 | N/A | 2.4 | -81.6% |
| Papua New Guinea | 272 | N/A | N/A | N/A | 0% |
| India | 165 | 0.3 | N/A | N/A | -99.8% |
| Bangladesh | N/A | 262 | N/A | N/A | 0% |
| Others | 979 | 971 | 1,362 | 65.5 | -59.4% |
| Total | 9,551 | 5,331 | 5,836 | 1,612 | -44.7% |
Top Export Markets for Glass Fibres and Wool from the Philippines in 2022:
- Canada (44.6 tons)
- Japan (43.8 tons)
- China (15.6 tons)
- Australia (13.1 tons)
- Hong Kong SAR (9.1 tons)
- Vietnam (7.0 tons)
- United States (4.2 tons)
- South Korea (0.2 tons)
This report provides an in-depth analysis of the market for glass fibres and wool in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23141297 - Glass fibres, incl. glass wool, and articles thereof (excl. staple fibres, rovings, yarn, chopped strands, woven fabrics, also narrow fabrics, thin sheets voiles, webs, mats, mattresses and boards and similar nonwoven products, mineral wool and articles thereof, electrical insulators or parts thereof, optical fibres, fibre bundles or cable, brushes of glass fibres, and dolls' wigs)
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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